As the Trump administration moves to wind down the Federal Emergency Management Agency, changes could make it harder for homeowners to recover from a natural disaster, experts say.
That underscores a point insurance experts make: FEMA provides aid for states and individuals in the event of a federally declared natural disaster, but it’s not meant to replace your home insurance policy, according to Charles Nyce, a risk management and insurance professor at Florida State University.
“There’s a lot of different things that FEMA does really well, but one of the things they’re not designed for is to be a replacement for insurance coverage for individuals,” said Nyce.
President Donald Trump said in a June 10 press briefing that he plans to “start phasing [FEMA] out” after this year’s hurricane season, which spans from June 1 to November 30.
Trump also said the administration would “give out less money” in disaster aid to states and “give it out directly” from the president’s office: “We’re going to do it much differently.”
